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Vietnam creates favourable conditions for foreign investors

Vietnam creates favourable conditions for foreign investors to operate efficiently in the country, said State President Nguyen Minh Triet while receiving representatives of leading foreign business groups in Hanoi on September 18.

Mr Triet assured Dominic D’Alessandro, President and Chief Executive Officer of Manulife Financial that Vietnam will make its policies and legal system more transparent and that relevant Vietnamese agencies are willing to share and provide necessary support for foreign investors in Vietnam.

He congratulated Manulife’s successful operation in Vietnam over the past eight years and expressed his belief that Manulife Vietnam will have even greater success in expanding its market share in the country.

Manulife Financial, a global leading financial service group, entered the Vietnamese market in September 1999. It initially operated in life-insurance services and then expanded to fund management. Last year, Manulife Vietnam was selected by consumers to be a well-known trademark in the country.

At another reception for Cho Ki Song, Chief Executive Officer of Kangwon Land, Inc. of the Republic of Korea (RoK), Mr Triet welcomed the corporation’s investment plan in Vietnam and affirmed that Vietnam encourages RoK economic groups to expand investment and operate efficiently in the country for mutual benefit.

Kangwon Land Inc. is planning to invest US$6 billion into an urban complex in Ho Chi Minh City’s Thanh Da peninsula, which will include a 90-storey twin tower, an eco-tourism resort, a top-notch recreational park and a golf course. (CPV/VOVNEWS)

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